GI’S EFFECT: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
GI’S EFFECT
Largest movements
- Receivables within one year +€84,168
up €84,168 (+935.3%), from €8,999 to €93,167
of which Trade receivables: +€71,632
- Cash +€13,132
up €13,132 (+70.4%), from €18,656 to €31,788
mainly Net result for the year (+€94,654) and Tax, wage and social debts (+€9,150)
- Tangible fixed assets +€7,075
up €7,075 (+77.3%), from €9,156 to €16,231
- Profit (loss) carried forward +€94,654
up €94,654, from -€724 to €93,930
- Tax, wage and social debts +€9,150
up €9,150 (+122.8%), from €7,450 to €16,600
- Other debts +€2,103
up €2,103 (+20.4%), from €10,324 to €12,427
- Trade debts -€1,532
down €1,532 (-10.4%), from €14,761 to €13,228
- Turnover +€1.1m
new in 2025: €1.1m
- Purchases and services +€969,389
new in 2025: €969,389
- Gross operating margin +€143,705
up €143,705, from -€19,834 to €123,871
- Taxes +€16,569
new in 2025: €16,569
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,811 | €141,186 | +€104,375 | +283.5% |
| Fixed assets | 21/28 | €9,156 | €16,231 | +€7,075 | +77.3% |
| Tangible fixed assets | 22/27 | €9,156 | €16,231 | +€7,075 | +77.3% |
| Furniture and vehicles | 24 | €9,156 | €16,231 | +€7,075 | +77.3% |
| Current assets | 29/58 | €27,655 | €124,955 | +€97,300 | +351.8% |
| Amounts receivable within one year | 40/41 | €8,999 | €93,167 | +€84,168 | +935.3% |
| Trade receivables | 40 | €2,210 | €73,842 | +€71,632 | +3241.0% |
| Other amounts receivable | 41 | €6,789 | €19,325 | +€12,536 | +184.6% |
| Cash at bank and in hand | 54/58 | €18,656 | €31,788 | +€13,132 | +70.4% |
| Total equity and liabilities | 10/49 | €36,811 | €141,186 | +€104,375 | +283.5% |
| Equity | 10/15 | €4,276 | €98,930 | +€94,654 | +2213.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€724 | €93,930 | +€94,654 | |
| Amounts payable | 17/49 | €32,535 | €42,256 | +€9,721 | +29.9% |
| Amounts payable within one year | 42/48 | €32,535 | €42,256 | +€9,721 | +29.9% |
| Trade debts | 44 | €14,761 | €13,228 | -€1,532 | -10.4% |
| Suppliers | 440/4 | €14,761 | €13,228 | -€1,532 | -10.4% |
| Taxes, remuneration and social security | 45 | €7,450 | €16,600 | +€9,150 | +122.8% |
| Taxes | 450/3 | €7,450 | €16,600 | +€9,150 | +122.8% |
| Other amounts payable | 47/48 | €10,324 | €12,427 | +€2,103 | +20.4% |
| Turnover | 70 | - | €1,093,260 | +€1.1m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €969,389 | +€969,389 | |
| Remuneration, social security and pensions | 62 | €2,112 | - | -€2,112 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,353 | €7,275 | +€1,922 | +35.9% |
| Other operating charges | 640/8 | €2,105 | €5,065 | +€2,960 | +140.6% |
| Gross operating margin | 9900 | -€19,834 | €123,871 | +€143,705 | |
| Operating profit (loss) | 9901 | -€29,404 | €111,531 | +€140,935 | |
| Financial charges | 65/66B | €688 | €307 | -€381 | -55.3% |
| Recurring financial charges | 65 | €688 | €307 | -€381 | -55.3% |
| Profit (loss) for the period before taxes | 9903 | -€30,092 | €111,224 | +€141,316 | |
| Income taxes | 67/77 | - | €16,569 | +€16,569 | |
| Profit (loss) for the period | 9904 | -€30,092 | €94,654 | +€124,746 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,092 | €94,654 | +€124,746 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.